Danish fund manager Copenhagen Infrastructure Partners (CIP) has agreed to divest a 10% stake in the 495MW Fengmiao I offshore wind farm in Taiwan to Japanese shipowner Mitsui OSK Lines (MOL).
Through this acquisition, MOL enters Fengmiao I as co-owner alongside CIP’s fifth flagship fund, CI V.
Fengmiao I is CIP’s third offshore wind project in Taiwan and is located off the coast of Taichung County. Development of Fengmiao I began in 2020, and site exclusivity and grid allocation were secured in Taiwan’s Round 3.1 auction in December 2022.
Construction of Fengmiao I was initiated following financial close in March 2025, and the offshore wind farm is on track for completion of construction by the end of 2027.
The project is financed through a combination of equity and senior loans from a consortium of 27 international and Taiwanese banks and financial institutions, partly guaranteed by four export credit agencies and Taiwan’s National Credit Guarantee Administration.
Once operational, Fengmiao I will deliver energy to a group of six large local and international energy users in Taiwan who have entered into long-term power purchase agreements for the entire capacity of the wind farm.
